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which is longer than 6 months, please contact HBP Customer Service at custserv@hbsp.harvard.edu
or 800-545-7685.

description

Three financial upheavals have jarred the business and nonprofit worlds in the last 20 years. But related governance reforms, such as Sarbanes-Oxley, the Intermediate Sanctions Act, and new security exchange regulations, are just being employed. Consequently, the internal control information reaching boards is not what it should be. Applications of ethics codes need more attention. Directors' time requirements are expanding. Board agendas are more extensive, and committees, especially audit groups, are meeting more frequently. Prospective directors need to develop robust due diligence processes. The excessive reliance on directors' and officers' liability policies needs assessing. All this adds up to one conclusion: Governance reform has a long way to go yet.